Home is where the pension is

Share this article
Have your say

More people in Britain plan to use their property to prop up their pension than in most other European countries, because of the state of the economy, a study has suggested.

Britons are also reassessing the age at which they will stop work, with an average delay of five years, the report by finance firm ING Direct said. The average age at which people planned to retire was 60 before 2007, but this has now gone up to 65.

A survey of 1,000 adults in 12 European countries found that more than a third of Britons planned to use their property to fund their retirement, compared with fewer than a quarter on the continent.